If a stakeholder has high power in a business but isn't interested in your procurement activity, what should be your management style for dealing with this stakeholder?

• A.Keep them satisfied - they have high power
• B.Keep them informed - they have high power
• C.Manage closely - they're a key player
• D.Minimum effort is required as they're not interested- do nothing

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The Kraljic Model is most useful for which aspect of procurement?

• A.category management
• B.cost analysis
• C.risk management
• D.cost reduction

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Phone Maker Incorporated is a manufacturer of mobile phones. It is considering investing in a partnership with its supplier of batteries and circuit boards as it wishes to produce new models of its phone more regularly. What is the main driver for Phone Maker Incorporated?

• A.Cheaper costs
• B.Changes in the marketplace
• C.Better quality products
• D.Reduced product life-cycles

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Which of the following are elements of a business that can develop a company's competitive advantage? Select THREE.

• A.cost focus
• B.cost leadership
• C.human resource management
• D.organisation culture
• E.natural resources

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Which of the following are recognised organisational culture types? Select THREE

• A.Power
• B.Role
• C.Person
• D.Knowledge
• E.Team

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